Overall view of USDCAD - Update of June 24th week

The support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680.

Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).

Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.

הערה:

The trend is bearish and prices slightly reject on @1.31500 level. A downward break would considerably increase chances to reach our target. Remain bearish and sell high points.

הערה:

We are closer to the target, you can now put your trades at breakeven.

עסקה סגורה: היעד הושג:

Target tested. Nice and decent trade.

הערה:

Target 2 reached. Great opportunity market gave here.